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would you remain defensive? >> i think a little bit of defensive posture is never a bad thing. the question is, will the financials really rebound? that's been one of the sectors that's underperformed in that time frame and also in recent had history. that's one group to keep an eye on going forward. >> so financials you like. what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i wouldn't have said that's the case. i think people are taking their numbers down in the energy space maybe a quarter or two. after that, i think it would be another driver on the upside. >> okay. thank you both. alcoa numbers coming out shortly could
would you remain defensive? >> i think a little bit of defensive posture is never a bad thing. the question is, will the financials really rebound? that's been one of the sectors that's underperformed in that time frame and also in recent had history. that's one group to keep an eye on going forward. >> so financials you like. what about energy? that has been a market leader as well. >> on the chart it was down, you know, 4% in the five-year period, which is interesting. i...
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defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like the good old days. but yes, electric boat gets those contracts. they know how to make the best submarines in the world. >> you look at this as a mercenary, find ways to see what's going to happen no matter what happens. >> it's not about friends. look, take chesapeake, chesapeake is a company that wants to drill everywhere, second largest driller for natural gas and bingo, i mean that's a romney name like it or not. >> thank you so much. >> great to work with you. see you in the morning. >> right back up, when we come back after this debating the state of business made in the usa and how th
defense is interesting. these guys don't have a lot of control over defense budget. say you want to have -- i want more nuclear submarines i will give a big contract. those things cost a fortune. we don't have that money anymore. >> romney has called for five subs. >> you buy general dynamics and short it under obama because he' bringing up the private jet thing again. you and i want a gulfstream. and that's the only fol crumb name. the president did bash private jets. that's like...
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the state department last night came out with whatever it is, defensive statement, whatever. but their spokesman said with great clarity that there was no protest about a videotape that everyone's talked about. in effect, that undermines the susan rice story, undermines hillary and president obama. this is from the state department. this is what we've known. this is a cover-up or a falsehood or something that is going to blow up. >> reporter: i don't know about blow up, larry. but susan rice was wrong. the president was wrong. hillary clinton was wrong when they said weeks ago what they said. state department now acknowledges that. but the white house insists it never intentionally lied. they say they told the truth as they knew it all along. >> we're going to leave it there. steve handelsman, thanks very much. there wasn't a riot over some youtube videotape. it was an organized terror attack. and, yes, inadequate security. so the question is, what did the president and hillary clinton know and when did they know it? with all this sworn testimony, this really does smell of a
the state department last night came out with whatever it is, defensive statement, whatever. but their spokesman said with great clarity that there was no protest about a videotape that everyone's talked about. in effect, that undermines the susan rice story, undermines hillary and president obama. this is from the state department. this is what we've known. this is a cover-up or a falsehood or something that is going to blow up. >> reporter: i don't know about blow up, larry. but susan...
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those countries -- europe does very little in the way of its own defense, et cetera. we are the primary drivers of defense spending in the entire world. we have a lot more to protect. so, to say they're doing business in europe doesn't answer the concerns of the united states. >> i'm not sure what the connection is there. hauwei sells commercial telecommunications infrastructure. this is the plumbing through which internet traffic takes place. we don't operate any networks. the gear they deploy is built to the same global standards as our competitors and all of it is being developeded and coded and built in china to a great extent. there are vulnerabilities, but they are universal. and anyone that would purport to suggest that you can resolve those by singling out a single company is actually creating a more dangerous cyber situation by lending to a false sense of security. >> all right, sir, thank you very much for appearing first on cnbc. >> thank you very much. >> coming up, will our children hate us because of our debt and deficit? the architect of greece's debt d
those countries -- europe does very little in the way of its own defense, et cetera. we are the primary drivers of defense spending in the entire world. we have a lot more to protect. so, to say they're doing business in europe doesn't answer the concerns of the united states. >> i'm not sure what the connection is there. hauwei sells commercial telecommunications infrastructure. this is the plumbing through which internet traffic takes place. we don't operate any networks. the gear they...
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. >>> cyber security stocks higher today after defense secretary leon panetta's warning about the risk of online attacks. three companies have had impressive runs since their recent ipos. panetta took on the cyber security issue and in strong words put corporate america and the government on notice. >> the collective result of these kinds of attacks could be a cyber pearl harbor. an attack that would cause physical destruction and the loss of life. >> let's bring in eamon javers live at pentagon. were these a little bit hyperbole? >> it was blunt talk front of a business group in new york. this message is very clearly designed to delivered to business and defense secretary panetta raised some of the worst case scenarios here. let me walk through some of the specters he raised. he's talking about a cyber attack that could derail passenger trains, freight trains loaded with lethal chemicals that could contaminate the water supplies in major cities or shut down the power grid across large parts of the country. nbc news is now reporting just today that officials here in the united states t
. >>> cyber security stocks higher today after defense secretary leon panetta's warning about the risk of online attacks. three companies have had impressive runs since their recent ipos. panetta took on the cyber security issue and in strong words put corporate america and the government on notice. >> the collective result of these kinds of attacks could be a cyber pearl harbor. an attack that would cause physical destruction and the loss of life. >> let's bring in eamon...
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has a great dividend yield. 3m on the other hand is more defensive. probably a little less upside. we think that stock is worth about $100. again, a great dividend yield. very well diversified company. no one division accounts for more than 10% of their sales. >> all right. thank you, both. interesting discussion. talk to you soon. >> thank you. see you soon. >> thank you. >> you're right. a lot of tourists go to tiffany's to buy their souvenirs. that's an expensive souvenir. myself, i'd go to 8th avenue and buy a t-shirt. >> i love new york. >> exactly. we got 40 minutes left in the trading day. it is a squeaker. will we be positive for the first time this week? right now the dow is virtually unchanged. >> so washington may not get it, but the authors of the simpson-bowles tax plan say the american people do get it. >> for generations we've asked our politicians to bring home the bacon. well, the pig is dead. >> we're going get reaction to that incredible exclusive interview coming up. >> that was great. i hope you got to see that today with steve liesman. >>> also, pc sales plung
has a great dividend yield. 3m on the other hand is more defensive. probably a little less upside. we think that stock is worth about $100. again, a great dividend yield. very well diversified company. no one division accounts for more than 10% of their sales. >> all right. thank you, both. interesting discussion. talk to you soon. >> thank you. see you soon. >> thank you. >> you're right. a lot of tourists go to tiffany's to buy their souvenirs. that's an expensive...
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defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals want legislation, business beware, but we will cover the cyber threat on kudlow. a ash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can withstand over three and a half tons. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. hahahaha! hooohooo, hahaha! this is awesome! folks who save hundreds of dollars switching to geico sure are happy. i'd say happier than a slinky on an
defense secretary leon panetta says america will be attacked. a cyber pearl harbor right out of the movie, derailing passenger trains and contaminating the water supply and shutting down the character. they want legislation and i'll tell you, when liberals want legislation, business beware, but we will cover the cyber threat on kudlow. a ash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. which can...
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they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. we know you.0% natural. we know you have to rise early... and work late, with not enough sleep in between. how you sometimes need to get over to that exit, like, right now. and how things aren't... just about you anymore. introducing the all-new, smart-sensing... honda accord. it starts with you. thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the ge
they're defensive. they're--i guess you could call it greed, i suppose, wanting to not write another check, sure. >> it's billionaires versus billionaires when 60 minutes on cnbc returns. [ female announcer ] the best things in life are the real things. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. we know you.0% natural. we know you have to rise...
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we're getting more defensive names leading things forward like consumer and utilities. your energy stocks with the warning from chevron, seeing a lot of weakness today in some of the other sectors in the energy group as well. >>> let's go uptown now to the nasdaq where we check in with seema mody who's following the movers there. >> hi, tyler. tech stocks were the key laggard in yesterday's trade thanks to apple and intel. here's where we are at today. intel still moving lower after hitting that 52-week low in yesterday's trade. barclays lowering its price target to $22 a share. social media stocks as a pack are underperform being the major indices. facebook down 3%. some bearish sell side notes to hit the tape. oppenheimer wrifting wall street estimates remain too high for 2013 after looking at that recent com score data. zynga getting a downgrade at piper jaffray. we do have a bright spot but it is not in tech. costco, earnings jumped by 27%. fueled by stronger membership revenue. that's the best performing stock on the nasdaq 100. >> seema, thank you. >>> gold prices
we're getting more defensive names leading things forward like consumer and utilities. your energy stocks with the warning from chevron, seeing a lot of weakness today in some of the other sectors in the energy group as well. >>> let's go uptown now to the nasdaq where we check in with seema mody who's following the movers there. >> hi, tyler. tech stocks were the key laggard in yesterday's trade thanks to apple and intel. here's where we are at today. intel still moving lower...
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you had romney wanting to spend more on the defense. if you think president obama is going to be reelected, you don't want to be in raytheon, frankly. you're going to have to do some little selling. let's go to kierein in florida. kierein? >> caller: boo-yah, jim cramer here in sunny florida. >> like that. what is up? >> caller: listen, i see that united health care purchased 90% of the brazilian health care companies down there. where do you see the stock go from here? and what do you think if romney's elected president? >> it's not as good. it's not as good if romney is elected president. because what happened is the health companies and the drug corporations went all in under obama. i know it sounds silly, but they did win. unh goes higher with president obama is re-elected. that brazilian thing showed their growth is no longer limited by the united states. i like that. if you love playing kick the can as a kid, as i did, you should have adored as an investor in an u.s.-based company as u.s. europe kicked the can down the road. as ch
you had romney wanting to spend more on the defense. if you think president obama is going to be reelected, you don't want to be in raytheon, frankly. you're going to have to do some little selling. let's go to kierein in florida. kierein? >> caller: boo-yah, jim cramer here in sunny florida. >> like that. what is up? >> caller: listen, i see that united health care purchased 90% of the brazilian health care companies down there. where do you see the stock go from here? and...
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but defense secretary leon pa n netta is calling it a national security threat. eamon javers is in washington with the latest. >> reporter: it was a landmark speech by defense secretary leon panetta last night and it was in front of a business audience in new york that he addressed the crowd and went further than he's gone before in talking about the potential for cyber war. secretary panetta saying that the united states has already seen specific instances where foreign attackers have gotten in to u.s. infrastructure software. he said that is part of the problem here. take a listen. >> we also know that they are seeking to create advance tools to attack these systems and cause panic and destruction and even the loss of life. >> reporter: panetta also said that he wants to partner with american business here. he says the key is for the pentagon and business to work closely together. but business not necessarily jumping on-board with this automatically. they fought back against what they call new regulations. i talked to some folks over at the chamber of commerce.
but defense secretary leon pa n netta is calling it a national security threat. eamon javers is in washington with the latest. >> reporter: it was a landmark speech by defense secretary leon panetta last night and it was in front of a business audience in new york that he addressed the crowd and went further than he's gone before in talking about the potential for cyber war. secretary panetta saying that the united states has already seen specific instances where foreign attackers have...
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going to be a game like last sunday's when the actual chicago bears kept scoring touchdowns with the defense. i tell myself it's early, that there will be more countervailing news. sure enough, there is. walmart is holding a big rah-rah meeting in bentonville, arkansas, and their reports are outstanding. the stock climbs and climbs. considering this is the world's largest retailer, i'm awarding the bears 7. there is hope! plus apple, which has been an anvil around the neck of the bulls. suddenly has pep in its step. it doesn't open down. it doesn't stay down. given apple has been such a drag on the market, you got to give the bulls, let's give them a field goal, one of the david akers 62 jobs. and now it's an 11-point game. admittedly negative 11, but not the end of the world. there is only one problem with this analysis. for the purposes of explanation, i'm going to shift sports entirely, just for a nanosecond, and talk about, you bet, bowling. hey, dialing for dollars. come on, i'm trying to get you involved. you see the great numbers from costco and yum and walmart. they were all in the r
going to be a game like last sunday's when the actual chicago bears kept scoring touchdowns with the defense. i tell myself it's early, that there will be more countervailing news. sure enough, there is. walmart is holding a big rah-rah meeting in bentonville, arkansas, and their reports are outstanding. the stock climbs and climbs. considering this is the world's largest retailer, i'm awarding the bears 7. there is hope! plus apple, which has been an anvil around the neck of the bulls....
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if you're a republican, you're losing farm subsidies, you're losing enormous amount of defense cuts. i can't believe that republicans like what's in here. and clearly from a left wing standpoint, you're fixing the social security problem primarily through spending cuts rather than tax increases. >> but dan, here's the thing. is a point lloyd blankfein made and it was certainly echoed by simpson and bowles. this country is very divide. anybody who's truly going to lead is going to have to pull everybody somewhere near the center if they're going to get anything accomplished. >> but my point is. >> the nature of this whole thing as a compromise, neither side is going to love it. what's amazing is because of the political divisiveness in this country, simpson was saying he thinks it is going to be hard to get something done. so is bowles. bowles put it at 30% we are able to ward off the fiscal cliff? >> if i can pile on dan. if he's playing santelli, it is my again fix rogenetic role to . isn't it right that the side that pisses both sides equally is the right plan? >> but this is nothi
if you're a republican, you're losing farm subsidies, you're losing enormous amount of defense cuts. i can't believe that republicans like what's in here. and clearly from a left wing standpoint, you're fixing the social security problem primarily through spending cuts rather than tax increases. >> but dan, here's the thing. is a point lloyd blankfein made and it was certainly echoed by simpson and bowles. this country is very divide. anybody who's truly going to lead is going to have to...
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. >>> also ahead, defense secretary leon panetta says the u.s. is at risk of a cyber pearl harbor. who could be behind such an attack? how do we prevent it? that's later on the "closing bell." tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why lib
. >>> also ahead, defense secretary leon panetta says the u.s. is at risk of a cyber pearl harbor. who could be behind such an attack? how do we prevent it? that's later on the "closing bell." tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access...
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>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the next hour. >>> wells fargo beating estimates but missing on revenue, company's conference call is just wrapping up. kayla tausche is monitoring that back at hq with details. >> a tough quarter at wells. the, kr eo expressing confidence in a housing recovery but not as robust as he would like. they expected the mortgage lender to benefit more. non-interest income was down and wells decided to keep $9.8 billion in fannie freddie conforming mortgages on its books instead of selling them and actually forfeited some $200 million in fees for well. cfo tim sloan said
>>> the secretary of defense warning the u.s. about a cyber pearl harbor, why hackers are the biggest threat to the company. >>> and the startup, weight watchers for your finances, learnvest has been valued at $100 million, the founder and ceo will join us live and in the national press secretary for the obama campaign, ben labolt, will react to last night's contentious debate and how the president is preparing for his second head-to-head with mitt romney, coming up in the...
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there are other savings that could be made in defense. cost overruns in these weapons acquisitions is a scandal, the least noticed enormous scandal there is in america today when you look at the costs of things like the f-35 and our latest aircraft carrier with these cost plus contracts, but there are savings, but it can't be done with a medax which is what sequestration does. the secretary of defense said it would devastate our national security. senators, republican and democrat, we have asked the president to sit down with we tried this super committee and that's how we got sequestration. everybody was so sure that they would come to an agreement on that. look, the approval rating of congress is 11%. i have not met anybody in the 11% category. i'd love to, because i'd like to ask them what they approve of that we are doing. and so -- maybe their blood relatives and paid staffers. >> the fed seems like it does its job i'm referring to trying to figure out what really happened in benghazi and libya. we're seeing jake tapper, there are pe
there are other savings that could be made in defense. cost overruns in these weapons acquisitions is a scandal, the least noticed enormous scandal there is in america today when you look at the costs of things like the f-35 and our latest aircraft carrier with these cost plus contracts, but there are savings, but it can't be done with a medax which is what sequestration does. the secretary of defense said it would devastate our national security. senators, republican and democrat, we have...
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in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june overall, earnings and stocks have been somewhat negatively correlated. we've seen earnings come down and yet the stock markets continue to move up. in the last few weeks, really hold right near its highs. you can argue and there is certainly truth to that that that's because we have q.e. 3, because we've got the ecb in the market. but i look at the facts of where the market is, not necessarily what's been moving it every minute. that's what i see right now. today, the european bailout fund is coming into effect. if spain keeps going along the path, looks like i
in the contraction camp, you're generally on the defensive side. the trade everybody's been talking about, jim you alluded to it, it's to play the u.s. market, play autos, housing, consumer staples. i call it the home depot trade. it's been a monster. that's the classic trade to play in these circumstances. i have a couple of problems with this. number one, cyclicals have outperformed defensive names in the last couple of months since this has been a very popular notion out there. since june...
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defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in welfare savings. the key someone spain, 5.65% so yields are slightly lower once again as those yields stay at those levels the spanish government will say it's a fairly manageable situation at the moment so they will keep probably delaying having to ask for a bailout trying to get beyond a referendum in catalouna, a big region in spain. back to you guys. >> ross, last week when the spanish finance minister said that in front of a bunch of people they laughed at him? >> he was up the road, the london school of economics basically said we don't need a bailout and in spain wh
defense market as well and impair the commercial prospects for the business. they've said this combination between these two stocks should not happen, not at least if you also have a dual listing t will also impair the liquidity for the stocks as well. that's a big private hairholder coming out, let alone the government shareholders can't agree on it either. and george osbourne, the uk chancellor is speaking at the conservative party conference expecting him to confirm another $10 billion in...
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maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has stocks to critique, and he has just seconds to do it. ♪ in 60 and he knows it find out if he can, when "squawk on the street" returns. smart comes with 8 airbags, ♪ in 60 and he knows it and the world's only tridion safety cell which can withstand over three and a half tons. with can ♪ [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪ tight turning, fun to drive 2013 smart. at the guaranteed's lowest price.attresses plus, pay no interest for 3 years on the best brand-name mattress sets. get your best rest ever from sleep train. ♪ your ticket to a better night's sleep ♪
maybe i'm being too defensecy for ba defensive for ballmer but people don't like the software, they don't like the hardware. intel is a 22 -- >> 352-week low yesterday. >> yeah, not just ballmer. the fault is not necessarily in ballm ballmer. it could be in the service. >> absolutely. when we come back, apple expected to launch the ipad mini later this month but is smaller better? we'll explore the pros and cons. >>> but first -- ♪ >> coming up, cramer has...
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it is a day to play defense more than offense. discretionary and technology lagging the broader markets. technology essentially getting hammered, down 1.5%. netflix under serious pressure after seeing big gains earlier in the week. stocks a down grade this morning and this comes after an upgrade yesterday. herb greenberg is here with more on that. what is going on with the flix? >> that's right. you have the under perform today and yesterday was the analyst with the out performer overweight and what's beautiful about this, and it is something brian sullivan and i will be talking about later on street signs. the analysts disagree about whether amazon is or is not competition. what really matters here is this. that is whether netflix growth is either slowing or about to really slow. as a right today on cnbc.com at the current subscription levels they could be close to triggering what i like to call the chainos rule, who for years pointed one thing out to me. when a growth company sells 25 to 30 million products, it is pretty much al
it is a day to play defense more than offense. discretionary and technology lagging the broader markets. technology essentially getting hammered, down 1.5%. netflix under serious pressure after seeing big gains earlier in the week. stocks a down grade this morning and this comes after an upgrade yesterday. herb greenberg is here with more on that. what is going on with the flix? >> that's right. you have the under perform today and yesterday was the analyst with the out performer...
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goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if you're viewing that, okay. and that was after they cut the assets from 50 billion down to 15 billion. it is a significant deleveraging and even with that, the other rating firms took negative action. so you can say -- by the way, we have 24, 27 notches in our ratings scale. we downgraded them one notch. okay? one notch. i think it was from bbb to bbb-minus. that's it. i'm sorry if the market overreacted to it. it is one notch downgrade. even though -- and that was post-mf global. the idea -- it is hard to argue with this -- that the environment has clanged for the middle tier institutional growth firm dealers. >> what happens next
goes back to jeffries when you caused that stock to go into a tailspin and jeffries came out on the defensive? >> which one do you want me to answer? the europeans, u.s. or jeffries? >> jeffries. >> jeffries. >> jeffries. terrific. jeffries, if you are using the scorecard of the other rating firms -- we don't necessarily and other people don't. but since our action, s&p put on a negative outlook earlier in the year. moody's put out a negative watch last month. so if...
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also renowned criminal defense attorney, mark geragos. you say jerry sandusky is opening the wound for the victims by releasing this statement. >> yes, anderson, i believe he is. what's happening is that sandusky is taking every opportunity to continue to torment these victims. he's now accusing them, in fact, he made a direct reference to victim one by saying he started everything. there is no conspiracy here. there is no making these accusations for any reason other than to put mr. sandusky behind bars for the rest his life because of the heinous acts that he perpetrated on these victims. >> mark, what about this? he is alleging this basically huge conspiracy against him by just about everybody, putting out a statement like this the night before the sentencing hearing, is that something you would ever advise a client to do? >> no. the last thing you are going to want to do is advise a client i want you to go in there, you're better off just saying nothing. however, as a practical matter, he's going to get a life sentence, whether it's a
also renowned criminal defense attorney, mark geragos. you say jerry sandusky is opening the wound for the victims by releasing this statement. >> yes, anderson, i believe he is. what's happening is that sandusky is taking every opportunity to continue to torment these victims. he's now accusing them, in fact, he made a direct reference to victim one by saying he started everything. there is no conspiracy here. there is no making these accusations for any reason other than to put mr....
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cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1 trillion. >> quickly, vice president biden. might want to move on. >> we don't cut it. i might add, i know we don't want to use fancy words to question this automatic cut. that was part of a debt deal that they asked for, and let me tell you what my friend said at a press conference announcing he supported the deal. he said we've been looking for this moment for a long time. >> i tell you what that meant? >> automatic cuts in defense that they didn't act, and beyond that they ask for another -- look, the military says we need a smaller, leaner army
cut defense by $1 trillion. that's what we're talking about. >> what national security issue can justify an increase? >> we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're going on push the joint -- >> this invites weakness. look, do we believe in peace, you bet we do, and that means you don't impose these devastating cuts on our military. we're saying don't cut the military by $1 trillion. not increase it by $1 is trillion. don't cut it by $1...
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on the phone, a defense attorney, carl rominger. clearly this statement seemed to be vetted, i assume you looked at it before. did you advise jerry sandusky to release this statement and if so, why? >> i have not seen that statement prior to the release, nor had joe amendola. we would tell him probably not to do it but the reality is given the mandatory minimums that apply in this case, it's probably not going to make an effective difference in the length of his sentence, vis a vis his life expectancy. >> you didn't know he would be making a statement in advance? >> i did not. >> when you heard it, what did you think? what do you think of it? >> it sounds like jerry. he maintains his innocence. if he's innocent, god bless him. get your word out there. i understand his frustration. we were rushed to trial. commonwealth had three years to prepare. we couldn't get one continuance for jerry sandusky. i can get three continuances for a parking ticket. i couldn't get one in the biggest case in pennsylvania history. >> i want to play anoth
on the phone, a defense attorney, carl rominger. clearly this statement seemed to be vetted, i assume you looked at it before. did you advise jerry sandusky to release this statement and if so, why? >> i have not seen that statement prior to the release, nor had joe amendola. we would tell him probably not to do it but the reality is given the mandatory minimums that apply in this case, it's probably not going to make an effective difference in the length of his sentence, vis a vis his...
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our friends and defeat our enemies in t middle east when our words are not backed by deeds, when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of and the perception of our strategy is not one of partnership, but of passivity. it is time to change course in the middle east. one final thing, carol, on a campaign conference call yesterday romney's foreign policy team talked about some presidents of past they might be shaping their foreign policy principles after. they talked about the presidencies of jfk, truman and even bill clinton. after that first debate when a lot of pundits on the right and the left were sensing that mitt romney might be moving to the middle on domestic policy issues, there might be some of that on foreign policy when we hear this speech later on this morning. >> jim acosta, we'll check back with you. >>> okay. let's take another peek at the obama campaign's preemptive strike. remember, it's called a prebuttal because it's challenging a speech romney will not give for a couple more hours. listen. >> when our u.s. diplomats
our friends and defeat our enemies in t middle east when our words are not backed by deeds, when our defense spending is being arbitrarily and deeply cut, when we have no trade agenda to speak of and the perception of our strategy is not one of partnership, but of passivity. it is time to change course in the middle east. one final thing, carol, on a campaign conference call yesterday romney's foreign policy team talked about some presidents of past they might be shaping their foreign policy...
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i'll make the critical defense investment that is we need to remain secure. the decisions we make today will determine our ability to protect america tomorrow. >> so we just spoke with general spider marks who says that in some ways americans aren't inclined make those kinds of serious cuts to our defense. what is the campaign's response? >> the cuts that romney was referring to are what would kick in with sequestration. that is, if the congress fails to reach a budget deal, these across the board cuts would kick in. the president is on record as opposing those. secretary panetta is on record opposing those. no one wants those to happen. so that is not the plan of this president in any shape or form. what is the plan of this president is a plan that he devised with the full participation and support of the joint chiefs of staff and the combatant commanders, and it lays out a four-year defense plan that keeps our military, the best in the world, and keeps faith with the troops and their families. >> all right. we're going to have to leave it there, and obvious
i'll make the critical defense investment that is we need to remain secure. the decisions we make today will determine our ability to protect america tomorrow. >> so we just spoke with general spider marks who says that in some ways americans aren't inclined make those kinds of serious cuts to our defense. what is the campaign's response? >> the cuts that romney was referring to are what would kick in with sequestration. that is, if the congress fails to reach a budget deal, these...
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he's very defensive about it saying, look, i am not going to be making a sharp right-hand turn in this country. i'm a centrist. i will share the wealth and keep in the motion programs. mr. chavez's social programs that are so popular here. energetic guy. he's been up and down one side of this country and down the next house to house and the numbers that he's been accumulating at rallies really impressive numbers throughout the country, even right here in caracas which is normally hugo chavez stronghold. >> obvious question, when are we going to know? >> gosh, i wish i could tell you, don. what's going on right now, the polls were supposed to close a few minutes ago. they've not closed because there are people still in line. the electoral commission, we're waiting to see. after that, this is going to be hours and hours, and, don, we're talking midnight, 1:00, 2:00 in the morning highly likely. this is going to be a very, very late night in venezuela. >> thank you, paula. appreciate it. >>> jumping out of an aircraft seems unimaginable to a lot of us, but what if when you did this, this
he's very defensive about it saying, look, i am not going to be making a sharp right-hand turn in this country. i'm a centrist. i will share the wealth and keep in the motion programs. mr. chavez's social programs that are so popular here. energetic guy. he's been up and down one side of this country and down the next house to house and the numbers that he's been accumulating at rallies really impressive numbers throughout the country, even right here in caracas which is normally hugo chavez...
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criminal defense attorney holly hughes is here. okay, critics say it could go too far and be misused. how do you think a law like this will be interpreted in the courts? >> i think it is coming back. it will be challenged. it will not pass constitutional muster, what is called vague and over-broad. and anything you do, essential that causes pain. well, what happens when your child is about to run into the street and you snatch them back by the arm and that causes pain. have you suddenly -- are you on the hook for child abuse, are you going to be arrested for that? this is craziness. >> my parents would be life in prison. >> oh, my word, exactly, mine, too, mine too. i was just talking about that. productive members of society. you know, neither one of us is advocating abuse. >> there is a difference. >> right, there is an absolute difference, a line between abuse and discipline. and you need to be able the discipline your children. i mean, this is way too much over-reaching, too much state inference with the ability to necessarily
criminal defense attorney holly hughes is here. okay, critics say it could go too far and be misused. how do you think a law like this will be interpreted in the courts? >> i think it is coming back. it will be challenged. it will not pass constitutional muster, what is called vague and over-broad. and anything you do, essential that causes pain. well, what happens when your child is about to run into the street and you snatch them back by the arm and that causes pain. have you suddenly...
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he wants to spend on defense. he gave a speech to the virginia military institute where he talked about if i'm president i'll buy 11 ships and including three submarines. that's a lot of money. >> the admirals don't even want the ships. just the military industrial complex wants to make the ships. >> do you want to take this one? >> you got the line. we're going to rebuild spending on the homeland. >> my bad, yeah. >> in all seriousness. >> because al qaeda's got the submarines threatening. >> governor, you're an elected official. you know when you run on a plan, you can't get -- there's a danger in getting so specific up front that you give away the house before you've even been elected into office. so mitt romney has laid down the principles by which he's going to govern and also banking on economic growth that is factored into the numbers that the cbo uses when they project out the fact check. >> just because mitt romney gets elected president doesn't mean we're going to grow like china. we might get back to 2.
he wants to spend on defense. he gave a speech to the virginia military institute where he talked about if i'm president i'll buy 11 ships and including three submarines. that's a lot of money. >> the admirals don't even want the ships. just the military industrial complex wants to make the ships. >> do you want to take this one? >> you got the line. we're going to rebuild spending on the homeland. >> my bad, yeah. >> in all seriousness. >> because al qaeda's...
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a deal that destroy over 500,000 jobs in the defense industry. >> so if defense spending is such a big issue this year, why are we on the hook for those tanks? drew griffin from our special investigations unit is "outfront" with the story. >> reporter: it's a remarkable sight, parked in the california desert. more than 2,000 of them, row upon row of m-1 abrams tanks, built by general dynamics beginning in the 1980s. most of them are still ready to roll. so when the u.s. army's budget folks sat down to make some tough decisions about what to cut, they saw a great opportunity. postpone what they said would be a $3 billion expense, the refurbishing of hundreds of these tanks at this general dynamics plant in lima, ohio. u.s. army's chief of staff marched up to capitol hill with a great idea. >> it would cost us $2.8 billion to keep that open, and our tank fleet is in good shape. we don't need to, because of the great support we've gotten over the last few years. >> reporter: and he had support. travis sharp, who studies defense spending at center for a new american security, says the prop
a deal that destroy over 500,000 jobs in the defense industry. >> so if defense spending is such a big issue this year, why are we on the hook for those tanks? drew griffin from our special investigations unit is "outfront" with the story. >> reporter: it's a remarkable sight, parked in the california desert. more than 2,000 of them, row upon row of m-1 abrams tanks, built by general dynamics beginning in the 1980s. most of them are still ready to roll. so when the u.s....
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ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night when he jumped at the wall and caught prince fielder's blast. take another look at it. there it is. the a's used great fielding and pitching to shut out the tigers, 2-0. the team will play game four of their series tonight. detroit leads 2-1. >>> the giants and the reds went to extra innings in cincinnati. reds' third baseman scott rolen bobbled a grounder. there it is, allowing buster posey to score. the giants took a 2-1 lead into the bottom of the tenth and then held on to win the game. the reds host the giants this afternoon, leading the series 2-1. >>> ben balt competes like any other boy, even competes in triathlon. nothing seems to stop him even though he lost part of his right leg to cancer. but something did stop ben in his last race in florida. his prosthetic leg broke in half. a group of marines was watching the triathlon. the marines lifted ben up and carried him across the finish line. ben's mom said everybody was crying and cheering on ben and the marines. very nice. very nic
ace center fielder coco crisp -- i like saying that name -- made the defensive play of the night when he jumped at the wall and caught prince fielder's blast. take another look at it. there it is. the a's used great fielding and pitching to shut out the tigers, 2-0. the team will play game four of their series tonight. detroit leads 2-1. >>> the giants and the reds went to extra innings in cincinnati. reds' third baseman scott rolen bobbled a grounder. there it is, allowing buster...
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you're proposing to increase defense spending by $2 trillion. >> neither of these numbers are accurate. >> biden himself acknowledges he will be ready to respond if ryan disputes his record. >> i just want to make sure that when i say these things, no, no, no, i don't have the position or that's not the governor's position. >> to fully prepare, biden had a strict daily ritual. afternoons where biden rehearsed answering moderator questions. dinner time at home with his wife and after dinner, biden returned to the hotel for the 90 minute mock debates took place. biden's team wants to make sure you don't see any of those gaffes he's so notorious for. >> there's nothing about joe biden that i think people in this state don't like about him and love about him. >> but it can be a hard line between speaking from the heart and moments like this one last week on the middle class. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> or in august, speaking to an audience that included many african-americans. >> he's going to let the big banks once a
you're proposing to increase defense spending by $2 trillion. >> neither of these numbers are accurate. >> biden himself acknowledges he will be ready to respond if ryan disputes his record. >> i just want to make sure that when i say these things, no, no, no, i don't have the position or that's not the governor's position. >> to fully prepare, biden had a strict daily ritual. afternoons where biden rehearsed answering moderator questions. dinner time at home with his...
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in my defense, the apes wanted me to do that so i did it. the apes told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear anything on myself. that's a plus. because really, it's all about maintains one's dignity. that does it for us. see you again one hour from now. >>> thanks for watching, erin burnett starts now. >>> a three minute tape released on penn state radio from jerry sandusky. >>> blockbuster, especially on the eve of sentencing. >>> also, obama taking a dive, a big one, it's a brand new poll. is it a sign much things to come? we'll dig into that. >>> and more on the attack that killed an american ambassador in libya. why was a request for extra security in that country denied in the first place? >>> good evening, everyone, i'm ashley banfield in for erin burnett. tonight and "outfront," the obama slide. a brand new poll of likely voters showing mitt romney out ahead and leading the president 49-45%. and look at this. since last month, the president is down six percentage points in that same poll. now, it is just one poll, but take
in my defense, the apes wanted me to do that so i did it. the apes told me they wanted me to do it. how? i can't even begin to explain and i did not have to smear anything on myself. that's a plus. because really, it's all about maintains one's dignity. that does it for us. see you again one hour from now. >>> thanks for watching, erin burnett starts now. >>> a three minute tape released on penn state radio from jerry sandusky. >>> blockbuster, especially on the eve...
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so the defense is saying well, they're commenting on the fact he didn't testify at trial. that's a big no-no. i don't think they went on that because they voluntarily submitted him to this interview, so now, they're going to come in front of a jury and say well, it was wrong for the prosecutor to refer to an interview that we orchestrated? i don't think they're going to win on that. the second point is the case went so fast. >> it did. it was weeks, not months. >> he was only arrested last november of 2011. the case was over in less than nine months with huge numbers of alleged victims, so it went to trial -- >> the trial itself was very speedy. >> in looking at the law, you have a right to a speedy trial. i never heard of a right to a slow trial, have you? that's what they're saying. they pushed us into it and we couldn't prepare. that's the second biggest thing. >> any good litigator will tell his client, don't go in there tomorrow, don't apologize necessarily, i can't have you on the record admitting to this if you're going to appeal. you will close your appeal on the r
so the defense is saying well, they're commenting on the fact he didn't testify at trial. that's a big no-no. i don't think they went on that because they voluntarily submitted him to this interview, so now, they're going to come in front of a jury and say well, it was wrong for the prosecutor to refer to an interview that we orchestrated? i don't think they're going to win on that. the second point is the case went so fast. >> it did. it was weeks, not months. >> he was only...
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stephanie, she said, you know, the president, the vice president, the secretary of state, secretary of defense said they'll get to the bottom of this. she cried on the president's shoulder. stephanie, i know you're not speaking for the state department and i know your job to put a lot of spin out there. but how do you explain this? to just people, to just americans 26 days to go who are on the fence who to vote for. >> you're right. i can't speak for the administration. i'm on the other side, i'm on the campaign. my job may be to spin but it's -- >> it's brooke. it's brooke. >> i'm sorry. brooke, but we put the facts out there every step of the way. i have great sympathy for that mother who lost her son. i don't know about the conversations that have occurred and i do need to leave it to the state department. >> focus on tonight. paul ryan he sat down with cnn and dana bash. gave us a preview from his side of the debate but we got a rejection of joe biden. why is that? is team obama afraid, you know, shielding him from the media may make him look less prepared? why is that? >> i'm sorry. i did
stephanie, she said, you know, the president, the vice president, the secretary of state, secretary of defense said they'll get to the bottom of this. she cried on the president's shoulder. stephanie, i know you're not speaking for the state department and i know your job to put a lot of spin out there. but how do you explain this? to just people, to just americans 26 days to go who are on the fence who to vote for. >> you're right. i can't speak for the administration. i'm on the other...
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the question about offensive versus defensive, it's really crucial. a type of a relationship between the vp and the candidate and principal. when bill clinton first put al gore on the ticket, it was great. dan quyale and stockdale and as we trained him, spent most of the time attacking bush. he's not defending me. you've got to go to the president, to governor romney and say look, you're going to have to take a few hits so we can score some hits on them. >> four years ago, he just kind of laughed and smiled a lot. he was almost sort of paternalistic. he was taking it seriously, but sort of laughing and smiling it off. does he use that strategy tonight? >> i think he will be more aggressive. he has to be because they have to make up the gaffe from last week. but it's also true that because of the age difference, i think what he wants to do is be the wiser, older fig dwrur on ture stage. >> what about that paul ryan doesn't want to be called congressman. >> he wants to be called mr. ryan. >> you don't want to be called washington. >> it is really hard t
the question about offensive versus defensive, it's really crucial. a type of a relationship between the vp and the candidate and principal. when bill clinton first put al gore on the ticket, it was great. dan quyale and stockdale and as we trained him, spent most of the time attacking bush. he's not defending me. you've got to go to the president, to governor romney and say look, you're going to have to take a few hits so we can score some hits on them. >> four years ago, he just kind of...
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what matters here is the democrats have to re-establish a case both on the offense and really the defense. what they want to do and the port rat they want to paint of the republicans. president obama really failed to do either one of those things. he failed to identify a compelling second term agenda that he wants to put out, and he really didn't identify or reinforce the arguments that his ticket has made against the republicans for months, and i think there will be enormous pressure on the vice president to kind of move both of those lines of argument forward tonight. >> do you think we're going to hear from the vice president some of the things that the president did not mention, the 47% comment that mitt romney made, the role of bain capital, the issue of how much he pays in taxes? >> well, i think some of the things about romney himself. >> he has made arguments like that, repeatedly, dozen of times, it is central to his view of the debate about the role of government. he has repeatedly argued that once we get to a point where a majority of americans are receiving government benefits
what matters here is the democrats have to re-establish a case both on the offense and really the defense. what they want to do and the port rat they want to paint of the republicans. president obama really failed to do either one of those things. he failed to identify a compelling second term agenda that he wants to put out, and he really didn't identify or reinforce the arguments that his ticket has made against the republicans for months, and i think there will be enormous pressure on the...
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defense increases. >> you want to get into defense now? >> i do, i do, because that's another math question. how do you do that? >> so, they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations and now we put the 1 trillion -- >> let's put the automatic defense cuts asdplid i'd like to go back to that. >> how do you do the math and have this increase in defense spending? >> $2 trillion. you don't cut defense by $1 trillion. that's what we're talking about. we're going to cut 80,000 soldiers, 20,000 marines, 120 cargo planes. we're -- >> drawing down in one war and one war. >> if these cuts go through, our navy will be the smallest it has been since before world war i. this invites weakness. look, do we believe in peace through strength? you bet we do, and that means you don't impose these devastating cuts on our military. so we're saying don't cut the military by $1 trillion. not increase it by
defense increases. >> you want to get into defense now? >> i do, i do, because that's another math question. how do you do that? >> so, they proposed a $478 billion cut to defense to begin with. now we have another $500 billion cut to defense that's lurking on the horizon. they insisted upon that cut being involved in the debt negotiations and now we put the 1 trillion -- >> let's put the automatic defense cuts asdplid i'd like to go back to that. >> how do you do...
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if he gets caught in a debate about the ryan plan, then he'll be more likely to be on defense. and i think he's got to defend the romney vision as opposed to defending the ryan plan. >> and bret, you just said he wants to keep this on economic issues. and social issues have once again that reared their head in this campaign, because of some answers, conflicting answers that mitt romney has given on abortion. listen to what he said a couple of days ago to the "des moines register". >> do you intend to pursue any legislations, specifically regarding abortion? >> i don't -- there's no legislation with regards to abortion that i'm familiar with that would become part of my agenda. >> and then he seemed to clean it up yesterday on the trail. listen to this. >> i think i said time and again, i'm a pro-life candidate. i'll be a pro-life president. the actions i'll take immediately are to remove funding for planned parenthood. will not be part of my budget. and also i've indicated i'll reverse the mexico city position of the president. i'll reinstate the mexico city policy, which preve
if he gets caught in a debate about the ryan plan, then he'll be more likely to be on defense. and i think he's got to defend the romney vision as opposed to defending the ryan plan. >> and bret, you just said he wants to keep this on economic issues. and social issues have once again that reared their head in this campaign, because of some answers, conflicting answers that mitt romney has given on abortion. listen to what he said a couple of days ago to the "des moines...
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. >> those remarks come after a flurry of early defenses from the obama campaign. there was blaming the dishonesty. who were whoa talking to the other day? dick durbin, wasn't he saying he was so stunned by the president -- by mitt romney lying that he just couldn't get an answer out? >> yes. >> and then, of course, the whole pressure from the high altitude comments. i'm just throwing them -- i don't make them up. i just repeat them. columnist joel stein, his book qualified man made: a stupid quest for masculinity." let's talk about the v.p. debate. you'll be watching it, obviously. >> i am. i'll be at a book thing, which will have wine from this winery. it will be kind of a drinking game. hopefully there will be a tv where i can watch it. >> you are a drinking game expert. if there is such a thing. >> no. that's waet to keep these debates interesting. i will be drinking this stark raving wine. i'm jewish. i have jew stomach. the things i'll be asking require requires a lot of sips. every time joe biden mentions amtrak, every time he refers himself in third person.
. >> those remarks come after a flurry of early defenses from the obama campaign. there was blaming the dishonesty. who were whoa talking to the other day? dick durbin, wasn't he saying he was so stunned by the president -- by mitt romney lying that he just couldn't get an answer out? >> yes. >> and then, of course, the whole pressure from the high altitude comments. i'm just throwing them -- i don't make them up. i just repeat them. columnist joel stein, his book qualified...
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i would have never signed the national defense authorization act. i would repeal the patriot act. i think that we need to balance the federal budget now, or we're going to find ourselves in a monetary collapse. and let's abolish the irs and eliminate income tax and corporate tax. we'll reboot the american economy tens of millions of jobs get created in a zero corporate tax rates environment. >> jill, starting with you, if you can stick to a minute, how would you fix the struggling economy? >> well, we think this doesn't need to be guesswork. we have experience creating jobs in the worst economy the country has ever known during the great depression. we created jobs by directly creating them, not by providing tax breaks for the wealthy or not by ending a tax system entirely which would basically turn the country over to the despair, the unemployment, you know, the problems that we have. we need government to step in where the private sector is unwilling and to see create jobs. >> same question -- unwilling and unable to create jobs. >> same question, gary, in one minute if you can
i would have never signed the national defense authorization act. i would repeal the patriot act. i think that we need to balance the federal budget now, or we're going to find ourselves in a monetary collapse. and let's abolish the irs and eliminate income tax and corporate tax. we'll reboot the american economy tens of millions of jobs get created in a zero corporate tax rates environment. >> jill, starting with you, if you can stick to a minute, how would you fix the struggling...
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but it's defensible. and he gets credit in a sense for just being very articulate and for seeming more sympathetic to the world so on guantanamo, he hasn't closed it and the world was very indignant at the u.s. under president bush but somehow, president obama gets away with that. i think that is because he has been able to use soft power quite effectively. >> finally, probably most seriously for you, pbs, mitt romney's plan to eradicate you from the face of the earth. never mind iran. he's got you in his sights. your documentary, you made with your wife, premiered to big ratings on pbs on monday night. how do you feel about the fact mitt romney if he gets into power will get rid of you? >> i just took a call from big bird before coming on here. we're getting together to form a little alliance. >> does he have a point, mitt romney? >> not in my -- obviously i'm a little conflicted here because my show was just on pbs but i do think that it is important, there's a real public good, that in the same way you
but it's defensible. and he gets credit in a sense for just being very articulate and for seeming more sympathetic to the world so on guantanamo, he hasn't closed it and the world was very indignant at the u.s. under president bush but somehow, president obama gets away with that. i think that is because he has been able to use soft power quite effectively. >> finally, probably most seriously for you, pbs, mitt romney's plan to eradicate you from the face of the earth. never mind iran....
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the de the department of defense will wring the hands and say, oh, yes, we have a problem, but then when the media stops paying attention, nothing has been done. no structural reforks, and it is the structure and the way in which they have people report that is the problem. they allow the chain of command, and now that sounds like a hierarchy and sounds like that is a lot of people, but what you are actually talking about is empowering one human being, one individual to unilaterally shut down the investigation and prosecution of rape. because of that structure, there is a series underprosecution. you know, only a fraction and less than 10% ever get prosecuted an convicted, and of that, far less are actually convicted of rape and they reduce the charges to things like adultery. >> and susan, we did reach out to the department of defense and we were told that secretary panetta has repeatedly stated that there is no place for sexual assault at the military tor department of defense, and sexual assault is an affront to bay sick human values and it is a crime that hurts the survivors and the
the de the department of defense will wring the hands and say, oh, yes, we have a problem, but then when the media stops paying attention, nothing has been done. no structural reforks, and it is the structure and the way in which they have people report that is the problem. they allow the chain of command, and now that sounds like a hierarchy and sounds like that is a lot of people, but what you are actually talking about is empowering one human being, one individual to unilaterally shut down...
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. >> reporter: the gop nominee pledged to get tough by reversing looming defense cuts coming at the end of the year, threatening to impose possible new sanctions on iran and by looking for ways to arm the rebels in syria. romney also said he would pursue a two-state solution between the israelis and palestinians, a concept he seemed to diminish at a fund-raiser that was secretly recorded and leaked to mother jones magazine. >> i look at the palestinians not wanting to see peace anyway for political purposes, committed to the destruction and elimination of israel. i say, there's just no way. >> reporter: the obama campaign tried to get the jump on romney's speech, releasing a new ad, reminding voters of the republican candidate's gaffe-plagued foreign trip over the summer. romney, obama aides say, is no ronald reagan, more like chevy chase. combatting that image, romney met with a group of retired generals after a speech. the romney approach would be both more muscular and bipartisan. >> if you look at harry truman and john kennedy and the use of power by bill clinton in his second term,
. >> reporter: the gop nominee pledged to get tough by reversing looming defense cuts coming at the end of the year, threatening to impose possible new sanctions on iran and by looking for ways to arm the rebels in syria. romney also said he would pursue a two-state solution between the israelis and palestinians, a concept he seemed to diminish at a fund-raiser that was secretly recorded and leaked to mother jones magazine. >> i look at the palestinians not wanting to see peace...
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he didn't put him on the defense. he did -- >> but the problem he had, i'll put this to mike, as we can see here from a montage of joe biden, biden kept laughing at him in this sort of outrageously dismissive way. when i first began to see this i tweeted please stop doing this, this is not presidential at all or vice presidential. as it went on, i found it increasingly infectious and began laughing with him. which can't help ryan, can it? >> i don't think how much joe biden smiled or how hydrated paul ryan is is going to decide the election but i agree with you. that sentiment, that split screen moment when the vice president was actually expressing some frustration with some of the answers that weren't being addressed was shared by a lot of democratic activists last night. he was using that real estate to his advantage. >> that's a misread of the situation. i think people were put off by that but i think that that was the expectation going in. people expected joe biden to act like that. the burden was on ryan to come
he didn't put him on the defense. he did -- >> but the problem he had, i'll put this to mike, as we can see here from a montage of joe biden, biden kept laughing at him in this sort of outrageously dismissive way. when i first began to see this i tweeted please stop doing this, this is not presidential at all or vice presidential. as it went on, i found it increasingly infectious and began laughing with him. which can't help ryan, can it? >> i don't think how much joe biden smiled...